Governance, Risk, and Compliance
Take a proactive approach to Governance, Risk, and Compliance with our comprehensive GRC services.
What is Governance, Risk, and Compliance?
Governance, Risk, and Compliance (GRC) is a structured way to align technology and cybersecurity with business goals while managing risks and meeting both government and industry regulations. It includes tools and processes to help organizations reach their goals reliably and continue to innovate while meeting compliance requirements.
Why Your Organization Needs Governance, Risk, and Compliance
The modern business landscape requires strict adherence to regulations, compliance, and certifications. In the past, governance, risk management, and compliance were siloed and addressed separately. Modern GRC combines these activities into a single model that helps increase efficiency, reduce risk, and enable the flow of information freely.
These concepts include:
- Governance: This is the set of policies, rules, and frameworks that organizations use to reach business goals, such as ethics and accountability, resource management, and conflict resolution.
- Risk management: Organizations face numerous risks, including security, strategic, and financial risks. A risk management solution helps to identify and mitigate these risks to minimize losses.
- Compliance: This is the adherence to rules, laws, and regulations, which may be set by industries, corporate policies, or the government.
Because industry regulations are dynamic and present consistent challenges, organizations frequently struggle to begin their GRC journey and/or validate their GRC efforts. By implementing a GRC program, you can make better decisions in a risk-aware environment. Key stakeholders can set policies from a shared perspective and comply with regulatory requirements through a unified view.
$5.57 Million
Average cost of a breach for organizations with high levels of compliance failures.
50.9%
Data breaches cost 50.9% less for organizations with high levels of compliance.
Source: Ponemon Institute’s The Cost of a Data Breach Report, 2022.
“Compliance and Risk is a growing need for our customers, and I’m proud to be a part of a team that offers our customers tailored solutions that can help mitigate risk.”
– John Caruthers, EVP & Chief Information Security Officer, Triden Group
What We Do
At Triden Group, we have the experience and expertise that will evaluate your GRC program to uncover gaps and identify strategic steps to reach your goals. This includes a thorough review of current policies and procedures and industry research to understand the operating environment to ensure alignment of regulatory law and compliance needs. We will work with organization stakeholders to implement a strategic plan and provide a detailed RACI, which outlines the roles and responsibilities for GRC throughout the enterprise.
Our experts can:
Assess and uplift policies and procedures.
Evaluate the operating environment from a regulatory and compliance perspective.
Implement a strategic plan and build detailed RACI.
Consult with leading industry experts for in-depth knowledge and solutions.
Take an interactive approach to ensure collaboration between Triden Group and your organization.
Provide a consistent process throughout the lifecycle of GRC assessments, no matter the regulation or compliance.
